Fixed income has long been considered a "diversifier" in many portfolios. Historically, it has delivered returns typically in line with the middle to lower end of the spectrum of hedge fund asset classes (according to Dow Jones Credit Suisse Hedge Fund Index it gained +1% in 2005, +9% in 2006, +4% in 2007, lost -29% in 2008 and gained 27% in 2009). However